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D&S Factors, founded in 2003, is a privately held company.
WHAT IS OFFERED:
- Non-Recourse Freight Bill Factoring – 5% Flat Rate
- No Minimum Volume Required
- Administrative Support
- Full Service Billing
- On-line Account Management
- Faster Service using TripPak
- Free credit checks online (1 factored invoice per month required)
Overall impression of D&S Factors – Positive
MAIN CONCERNS / HIGHLIGHTS
1) This business is not BBB accredited. No BBB complaints
2) Company may not accept 30-60 day brokers (3)
3) Free credit checks (1)
4) No requirements to factor every load (5,8)
1 – Positive Report
Positive comment posted on TheTruckersReport.com on 9-22-09
Current client complimented free credit checks:
“I also use D&S Factors which is attached to internet truckstop, so I get free credit ratings for the brokers on the website.”
2 – Positive Report
Positive comment posted on TheTruckersReport.com on 10-4-09
Prospective client stated:
“I am doing my own billing now but my lease o/os would like to get paid faster. so I don’t mind paying the 2% for 24hr pay. what are the problems or the pluses of factoring? am planing on using D&S factoring.all replys will be helpful.”
3 – Neutral to Positive Report
Neutral to positive comment was posted on TheTruckersReport.com on 10-6-09
Current client complimented free credit checks, fast payment, good website:
“You need to check and see if the 30-60 day brokers are covered by the factoring company you want to use. I know that D & S will not factor some loads that have brokers above the “30 days to pay” average mark. Other factoring companies may use them but may charge more. If you want to know if D & S will factor some of the brokers you have in mind, PM the MC numbers and I can look them up on the D & S website.
D & S also gives you free credit check service on the internet truckstop website, you only need to factor one invoice a month with them to get it. i think its about 35-40$ a month by itself.
I use them because I have very little reserve capital, I cannot wait for the 30-45 days it takes to get the $$$. If I drop the trip(s) in the tripak drop boxes (free as D&S provides the envelopes) or o-night it (with FedEx it costs me though) on a Monday, then money is in my bank account on Wednesday”
4 – Positive Report
Positive comment posted on TheTruckersReport.com on 10-21-09
Current client stated:
“d&s does not want all your bills you only factor the ones you want to (they must be approved) they take 100% of the risk you get your money direct deposit the day after they recieve your bills (free tripack)”
5 – Positive Report
Positive comment posted on TheTruckersReport.com on 5-3-10
Current client stated:
“d&s factors…..google is your friend …….simply the easiest to get hooked up with no credit check on you …. you only factor the loads you want to no minimum with straight 5% fee no recource free tripak envelopes no hidden fees do a load today direct deposit in your account day after tomorrow”
6 – Positive Report
Positive comment posted on TheTruckersReport.com on 5-5-10
Prospective client stated:
“I heard D&S was the best. Sure wish we were with them. They sound wonderful.”
7 – Positive Report
Positive comment was posted on TheTruckersReport.com on 1-5-11
Current client stated:
“D&S factors they take a strait 5% off the top …paid the same day they receive the bills….they give you free trippak envelopes…no postage cost….ez no cost setup….only factor the loads you want to”
8 – Positive Report
Positive comment was posted on TheTruckersReport.com on 1-5-11
Current client stated:
“I use D&S also. 5% takes a hefty bite out of your profit but they do pay quick and that helps with tight cash flow. Also you don’t have to factor all invoices with them.”
9 – Positive Report
Positive comment was posted on TheTruckersReport.com on 5-6-12
Current client stated:
“Currently factoring through D&S Factors. It’s 5% and I have had no big problems, really just small hiccups. I only use brokers that they allow currently.”
10 – Neutral to Positive Report
Neutral to positive comment was posted on TheTruckersReport.com on 10-26-13
Discussing another factoring company, current client mentioned D&S Factors as positive example.
11 – Positive Report
Positive comment was posted on TheTruckersReport.com on 11-30-14
Just a positive comment with no details.
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